New Delhi. Soon smartphone users will be able to make UPI payments using their fingerprint sensor ID or face ID. Currently, a PIN needs to be entered to make UPI payments.
National Payments Corporation of India or NPCI says that transactions worth billions of rupees are taking place through various UPI apps across the country. Crores of payments are being made every day.
More people in India are now using UPI for digital payments. In such a situation, soon you can see a big upgrade in UPI payments, which claims to be more secure than your existing digital payments. Different reports have claimed that the National Payments Corporation of India is talking to companies to authenticate UPI payments using biometric features on smartphones.
People are getting robbed every day!
According to a report by Moneycontrol, it is revealed that the UPI authority is quite concerned about the different types of scams that are being reported almost daily. People lose their hard-earned money just because they authenticate payments using a special four or six-digit PIN. The UPI system is generally safe. But people accidentally get cheated by scammers and send money while they expect to receive money.
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You must be aware of a scam on OLX that forced the platform to display a pop-up message. This message gave a clear warning about sending and receiving money. NPCI believes that Face ID or biometric security is the right way for UPI payments. However, it is still not known when Face ID integration will happen in UPI apps, and if it does, which public-facing apps will support it.
After all, you have Google Pay, PhonePe, Amazon Pay, Paytm and many other apps that let you make UPI payments in the country. Hopefully, more and more UPI apps will give people the option to use between PIN or biometrics.
